Property investors enjoyed capital gains of 9.21% over the last 12 months in WRIGHT, translating to lower returns compared with its peers in ACT.
The suburb posted a 40.27% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in WRIGHT.
WRIGHT, 2611 ranks 33rd in ACT in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 86th on the list of best yielding suburbs for rental properties in ACT, posting a 0% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.21%||9.22%|
|Median 3 years||40.27%||6.1%|
|Median 5 years||N/A||-14.9%|
|10 years average annual||10.9%||-2.81%|
|Weekly media advert. rent||N/A||$420|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||N/A||5.35%|